Guideline Value for ORR DIAMOND AVENUE

Orr Diamond Avenue guideline value

The current guideline value of Orr Diamond Avenue is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pazhanthandalam village, under the Padappai SRO, and is classified as Residential Class II Type - III.

How the guideline value of Orr Diamond Avenue has changed

The guideline value for Orr Diamond Avenue has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,600 per sq.ft, which increased to Rs 1,760 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, there were no available figures for the street for the years mentioned. The most recent increase signifies a notable adjustment in the guideline value for this area.

Guideline values in Pazhanthandalam

Pazhanthandalam has a total of 57 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Orr Diamond Avenue's 2024 figure above this median.

• Nivethitha Nagar Extension: Rs 1,100 per sq.ft (2024)
• Nivedhidha Nagar: Rs 1,100 per sq.ft (2024)
• New Portia: Rs 1,100 per sq.ft (2024)
• Nethaji Nagar: Rs 1,100 per sq.ft (2024)
• Pazhanthandalam Main Road: Rs 1,100 per sq.ft (2024)
• Nadesanar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Orr Diamond Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Orr Diamond Avenue?

The Sub Registrar Office that covers Orr Diamond Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhanthandalam

The guideline value is a crucial factor during the registration process of property transactions in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Orr Diamond Avenue?

The current guideline value of Orr Diamond Avenue is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,760 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Pazhanthandalam?

The median guideline value in Pazhanthandalam is Rs 1,100 per sq.ft. Orr Diamond Avenue's 2024 guideline value is above this median.

What are the stamp duty and registration fees for properties in Orr Diamond Avenue?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 17,60,000. The stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles the registration of properties in the area.